We analyze the nanotechnology patent applications filed in China from 1998 to 2008 and find that the extraordinary nanotechnology development in China has been primarily promoted by the public sector but not driven by industry and market force. This finding implies that developing countries such...

After launching its national strategy to promote nanotechnology development in 2001, China has devoted an increasing amount of R&D investment from government and industry to the field, produced a soaring number of scientific publications, established several new specialized institutions, and...

This paper examines whether the government support in favour of firms located in the Haidian district of Beijing, which includes the Zhongguancun Science Park, was effective in terms of innovation and economic performance. We use a dataset of 500 manufacturing firms that results from a merger of...

This paper investigates the impact of firms’ positions in the network of intersectoral input-output linkages on the use, intensity, and implementation of relative performance evaluation (RPE) in CEO compensation contracts. Consistent with a fundamental but not thoroughly investigated...

Molecularly imprinted membranes (MIMs) are promising in water treatment because of its predetermined selectivity, but the limitations of trade-off relationship between permeability and selectivity, as well as membrane failure hinder their wider applications. Herein, we report a visible light...

This paper empirically examines the determinants of the choice between private and public offerings and expected price discounts by using a new database, which details the buyers and contracts of private placements in high-technology industries between 1986 and 1997. The estimates indicate that...

This paper attempts specifically to answer the question: whether there is any influence of shareholder activism on changes in board structure. I have used 8 years of directors data from 1988 through 1995 of the Forbes 500 corporations of 1987. I document that board sizes decreased during...

This paper uses a simple approach to capture time-varying risks surrounding seasoned equity offerings to shed further light on SEO timing and post-issue underperformance. We find that a steady decline in issuing firms' cost of equity capital to its lowest point prompts them to file SEOs. The...